|Rendering from initial proposal for Alexandria Flats, a mixed-use development along Alexandria Pike with 327 apartments in 17 buildings.|
|In February, JR Kendall of Kendall Property Group presented initial development plans for a 69-acre mixed use development along Alexandria Pike. Ground preparation for the project has begun.|
After a delay likely due to the pandemic slow down, preparation is finally underway for Alexandria Flats, a mixed-use development on about 69 acres at 7541 Alexandria Pike.
The developer, Kendall Property Group, said ground preparation will continue through the winter, with plans to build in the spring. If all goes according to plan, the first units will be available in early 2022, and the project will be complete by the beginning of 2024.
In February, the Alexandria Planning and Zoning Commission approved a zone change for the property, taking it from R-RE (Residential Real Estate and Agriculture) to a Planned Unit Development or PUD. A PUD requires an initial development plan, which the developer provided at that time.
Plans for the residential buildings
The $42 million dollar project includes 17 buildings and 327 units, slightly less than the 366 proposed in February. The units will include about 29 percent one-bedroom, 41 percent two-bedroom and 30 percent three-bedroom apartments with rents ranging from $1,000 to $1,600 per month.
Units will have high-end amenities such as granite counter tops, stainless steel appliances and in-unit washers and dryers. In the initial development plan presented in February, the developer said plans were in place to include a fitness facility, business center, automated package room, outdoor grilling area, fire pit, pool, dog park, clubhouse and walking trail.
The Indiana-based developer has two projects in Northern Kentucky, Brookstone Crossing in Cold Spring and the Overlook Project on Turkeyfoot Road in Elsmere.
The company began as a construction firm and moved into building its own properties in 2005. Kendall Construction will serve as general contractor for the project and will work with mostly local subcontractors. The architect for the project is Indiana-based Rottmann Collier Architects Inc. Bayer Becker, based in Mason, Ohio, will provide engineering services on the project, and financing will come from Old National Bank in Indiana.
No word yet on the commercial properties
At the February meeting, company owner JR Kendall explained that he sought the PUD designation because it would allow for different types of development within a single property, creating a unified development with varied uses, both residential and commercial. This type of project is popular, he said, because it provides mixed uses, but avoids sprawling strip-style commercial development.
The apartment complex will be built on 54 acres of the property, leaving room for planned commercial buildings. In the initial development presentation, Kendall proposed three commercial properties in the northeast section of the property. Two would be used for office or small retail and the third proposed as a potential site for a restaurant.
At the time of the initial proposal, local residents expressed concern over potential traffic issues. Access to the development would be through a single access lane going into the project and a 600-foot frontage road for the commercial lots.
The company worked with a consultant to complete a traffic impact study, which was approved by the Kentucky Transportation Cabinet. The Cabinet required a southbound turn lane going into the project. At the time state officials said they did not feel the property warrants a traffic light at the intersection of the property, but would be required at Alexandria Pike and East Alexandria Pike. A new study will be done after the project is completed to revisit the traffic issue, officials said.
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